STW advice on selling and accepting cheque as payment.
Don’t.Posted 4 years ago
It will probably be sound but it just may not. All sorts of hassle if it bounces and you are not even close enough to knock on his door. If he has that much cash let him go to the bank and do the transaction next weekend.
For a tenner I would, maybe even 50 quid but that much? Nope!JunkyardMember
Might be OK but it is £5.5 Grand you are trusting on a stranger and I would not risk it
FFS I would not trust half my friends 😉
tell him to bring a Bankers draft for the money and no way would I do this till it had cleared
he can do a bank transfer by internet banking on his smart phone or Paypal Gift you itPosted 4 years agoavdave2Member
If it was me I would not be handing anything over until the cheque has cleared in my account. Regardless of what he showed me
There is no such thing as a cleared cheque and at no point can you be sure the money is yours. Do not under any circumstances accept a personal cheque the money could be recalled from your account at any time in the future if there is anything dodgy going on.Posted 4 years agodannybgoodeSubscriber
Most banks have ‘Faster Payment’ enabled which gives pretty much instant transfers (2 hrs max). If he goes into his branch I’m not sure if this works or whether it is just for internet banking.
he could do a CHAPS transfer in bank though for around £35 which is a nominal fee given the sum of money involved.
Danny BPosted 4 years agoEdukatorMember
People who are serious about buying things offer to pay in cash or accept when you ask them to, and draw the money out before the weekend. I predict a long drive for no deal.
If they are worried about handing over so much cash do it in a bank. If you get bad vibes insist on them paying in a bank. If I were buying your boat I’d be happy to take half a day off work, meet you at 8:00 in the morning at your place to view then go to the bank at opening time to complete the transaction.Posted 4 years agotwoninerMember
Need to put this out there to you all because I’m ragging my head over it.
I’ve had my boat up for sale on a fishing forum for a bit now and I had a message last week from a bloke who’s interested.
I’ve spoken to him a few times on the phone and i’m meeting him half way between North Wales where I am and Cumbria.
This is my problem. If he likes the boat he wants to pay by cheque and take it away tomorrow. £5500.
The only time I can meet him is at weekends and he works shifts, tomorrow he will be coming straight off shift to drive down to Warrington to meet me.
Some points that make me think he’s ok to do this with,
1. I’ve been in email and phone contact with him
2. He is really enthusiastic & done his research on the boat.
3. I was not too happy with being paid by cheque so he offered to take me to a cash point to show me his bank balance.
Can a £5500 cheque be guaranteed or is there any way this can work without the worry?Posted 4 years ago
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